Cameco Corporation (CCO.TO)

Has been disappointing. He traded it once and is around where he bought it. Thinks there is another leg up on it. Be patient for the winter. If uranium is going to go then this stock is going to go.

(Market Call Minute.) Has been a pretty disappointing performer. Bad money for the next couple of years.

Good company and he likes uranium on a long-term basis but there are a lot of issues with uranium and nuclear energy. Political issues are going to be a headwind for a while. Could be dead money for a while.

Has been following and falling below the 200 day moving average.

Model price $25.90, above current valuation. It is going to go to $13.50, his EBV. Then he will see what happens. Thinks this is the bottom and would buy at that level.

Low a year ago and is there again. Stay away from it. Tread very quietly around Uranium stocks.

Just because demand is picking up, doesn’t mean supply hasn’t picked up. Doesn’t think you should be in commodities.

Uranium is going higher. Tough, slow market here. German shut downs are pushed out but they still worry people. China will continue to roll out nuclear facilities. Utilities have enough so price has drifted lower. Prefers Uranium One or participation units. UUU-T or U-T.

Stock is close to its bottom of $17.20, which is good. Chart is showing a little bit of a descending triangle. This is the seasonal period for this company. Wait for a little bit of a pickup.

Uranium will probably recover but he sold all of his holdings last week. He is concerned that China may not be building as many nuclear reactors. With natural gas at these depressed levels, there is no reason for anybody to build nuclear power plants. If they find a way to do LNG properly, it will be very, very negative for nuclear power.

Uranium pricing is pretty dull at the moment but you could move gently in, as this is the world’s greatest uranium producer and are planning for the longer-term future. This is not something that you are going to win in the very short term.

When you look at the commodity sector in general, this company has done quite well. This is effectively one of the pure play companies in uranium. If you want exposure to cheap long-term electricity, this is probably the company to go with. Would like to see the price a little lower.

Probably the strongest of the uranium names. His view is still quite negative on the growth of nuclear energy. Japan made some noises on reopening of some reactors, which netted them huge public protests. Germany is getting out of nuclear energy. In other places, the programs have slowed.

In the uranium space, this is probably your best play. Most defensive. Long-term contracts. Uranium prices are very weak at below $50. It will get better, but you are looking at a year or so away.

His model price is $29.24 giving you a 51% upside. It is in a good Buy position here. Risk/reward at this point is fantastic.